Nickel 28 Capital Corp V.NKL

Lowest stock of Nickel in LME

[Talchior]

For the first in time in 5 year, the stock of Nickel is lower than 40.000 tons.

If course after the big issue of last year, not sure how it's accurate but it's a good indicator.

[Suppe11]

Well...then look at this article (the same for Cobalt btw.): https://oilprice.com/Metals/Commodities/Largest-Supply-Glut-In-A-Decade-Crashes-Nickel-Prices.html

[Talchior]

Thanks, interesting information. It's confirmed that the stock of class 1 nickel has a low stock (Shangai and LME). If I remember correctly, Mhp is more considered as class 1.

[Nemesis]

Class 1 Nickel Lithium-ion batteries utilizing nickel-rich cathodes require high purity nickel, typically in the form of nickel sulphate. As the main feed for EVs battery cathodes, nickel sulphate is currently manufactured by dissolving Class 1 nickel (i.e. greater than 99.8% purity nickel metals) in sulphuric acid. Future cathode production is gravitating towards bypassing the metallic stage of

[ICNick]

Agree with class I necessary for EV production. There is a huge difference in cost and risk to transform laterites nickel into class I nickel.  where some articles talk about production in Indonesia creating a surplus, it will not  necessarily affect the price of Class I nickel for batteries vs stainless steel. I also believe the demand for SSteel will soon increase again. Take a look

[Suppe11]

It's tough to follow the MHP market, I think the latest informations can be found here: https://www.fastmarkets.com/insights/arbitrage-emerges-between-mhp-pricing-mechanisms